BusinessPhoto: Business StandardMindspace REIT Q2 NOI Rises 32% to ₹836 Crore on Strong Leasing
Mindspace Business Parks REIT reported a 31.9% year-on-year increase in net operating income to ₹836 crore in Q2 FY27, driven by strong leasing and higher rentals. The REIT leased 1.6 million sq ft, including 0.6 million sq ft at new Chennai assets. Revenue grew 29.8% to ₹1,010 crore, with occupancy at 96.1% excluding recent acquisitions. CEO Ramesh Nair highlighted disciplined investing and focus on long-term returns.
Business Standard··Chennai




